Exercise 8-12 (Algo) Common stock-calculate issue price and dividend amount LO 8-1, 8-3 The balance sheet caption for common stock is the following: issued, and 680,000 shares outstanding Required: a. Caiculate the average price at which the shares were issued. b. If these shares had been assigned a stated value of $1 each. show how the caption here would be different. c. If a cash dividend of $0.15 per share were declared, calculate the total amount of cash that would be paid to stockhoiders. d. What occounts for the difference between issued shares and outstanding shares? If these shares had been assigned a stated value of $1 each, show how the caption here would be different